Mukesh Ambani has a collection of over 168 European cars. Image source: Flickr.
From priceless vintage convertibles to the latest European supercars, the ultra-wealthy are spoilt for choice when choosing their next set of wheels. Here are three billionaires who are investing their funds on expensive, moving art.
Net worth: $95.6B
Microsoft founder Bill Gates is infamous for his love for Porsche. The avid luxury car collector made his first splurge, a Porsche 911, after founding Microsoft. He later sold the supercar—it was auctioned for $80,000.
Among his fleet of classic machines from the German automaker is his Porsche 959 Coupe, known as the “Gates 959”, which he uses for his daily commute. This model is part of the Porsche 959s pre-production built in the 1980s and was stored for 13 years by the Customs Service at the Port of Seattle due to regulations. Only 230 were ever produced, making the automobile a rare asset valued at over $200,000. Gates also adores his Italian bulls, owning both old and new Lamborghinis. In his garage, Rolls Royce and Mercedes Maybach can also be found.
The billionaire has multiple garages scattered around his property. An underground cave garage built out of concrete and stainless steel can park 10 cars. The concrete in this unique car storage facility was purposely broken to give off a rough, “decontructivist” look.
Net worth: $50B
Not only does India’s richest man have an envious Mumbai mansion named Antilla, he is constantly on the hunt for new additions to his collection of over 168 European cars. The first six floors of the 27-storey Antilla are dedicated to the billionaire’s garage. The older Ambani brother has been spotted travelling with family in the Mercedes Benz S Class. Yet one of his prized toys remains the Maybach 62, which was a present to his wife Nita Ambani on her birthday.
The supercar is known to go from 0 to 100 km/ph in 5.4 seconds. The Bentley Continental Flying Spur, Bentley Bentayga and Rolls Royce Phantom Drophead Coupe are just a few of the other automobile assets he owns. The billionaire has taken extra measures for his security staff, adorning his convoy with a fleet of BMW X5 SUVs. He flushes out funds for bullet proofing his cars and once held a record for one of the highest paid car registration fees.
Net worth: $6.9B
Fashion mogul Ralph Lauren may be known for his iconic Polo design but his car collection, estimated at $300 million, is similarly a crowd pleaser, drawing in car fanatics for every exhibition. The billionaire caught the car bug in his childhood, but coming from an average income family meant he had to cobble enough funds together to afford a vehicle. In his dating years, he borrowed his father’s navy blue 1949 Pontiac.
Today his car collection of more than 70 cars consists of Ferrari, Alfa Romeo, Bugatti, Mercedes, Bentley and Jaguar. One of the highest valued car collections globally, the vehicles make up a significant portion of the fashion designer’s personal assets outside his shares in his fashion company. One of his favorites is his orange McLaren F1, valued at about $10 million, which is so powerful it requires a special permit to be driven on public roads.
The designer admits “I just bought cars I loved. I never thought I’d be showing them. I’m not a collector, really”. Today, he keeps his treasured collection in an all-white customized New York City garage, carpeted in black.